NYSE:CWT California Water Service Group (CWT) Stock Forecast, Price & News $56.34 -0.72 (-1.26%) (As of 11:32 AM ET) Add Compare Share Share Today's Range$56.27▼$56.8350-Day Range$54.62▼$61.1252-Week Range$48.46▼$66.12Volume33,566 shsAverage Volume244,080 shsMarket Capitalization$3.15 billionP/E Ratio42.05Dividend Yield1.85%Price Target$65.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability California Water Service Group MarketRank™ ForecastAnalyst RatingHold1.50 Rating ScoreUpside/Downside13.9% Upside$65.00 Price TargetShort InterestHealthy1.21% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainability+0.43Upright™ Environmental ScoreNews Sentiment1.15Based on 3 Articles This WeekInsider TradingSelling Shares$56,790 Sold Last QuarterProj. Earnings Growth13.51%From $1.85 to $2.10 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.69 out of 5 starsUtilities Sector8th out of 87 stocksWater Supply Industry2nd out of 11 stocks 1.8 Analyst's Opinion Consensus RatingCalifornia Water Service Group has received a consensus rating of Hold. The company's average rating score is 1.50, and is based on no buy ratings, 1 hold rating, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $65.00, California Water Service Group has a forecasted upside of 13.9% from its current price of $57.06.Amount of Analyst CoverageCalifornia Water Service Group has received no research coverage in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted1.21% of the outstanding shares of California Water Service Group have been sold short.Short Interest Ratio / Days to CoverCalifornia Water Service Group has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in California Water Service Group has recently decreased by 2.15%, indicating that investor sentiment is improving. Previous Next 3.3 Dividend Strength Dividend YieldCalifornia Water Service Group pays a meaningful dividend of 1.80%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthCalifornia Water Service Group has been increasing its dividend for 56 years.Dividend CoverageThe dividend payout ratio of California Water Service Group is 77.61%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, California Water Service Group will have a dividend payout ratio of 49.52% next year. This indicates that California Water Service Group will be able to sustain or increase its dividend. Previous Next 4.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreCalifornia Water Service Group has received a 55.01% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Drinking water distribution services", "Drinking water treatment services", and "Industrial wastewater treatment services" products. See details.Environmental SustainabilityThe Environmental Impact score for California Water Service Group is 0.43. Previous Next 2.9 News and Social Media Coverage News SentimentCalifornia Water Service Group has a news sentiment score of 1.15. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.53 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 3 news articles for California Water Service Group this week, compared to 4 articles on an average week.Search Interest1 people have searched for CWT on MarketBeat in the last 30 days. MarketBeat FollowsOnly 1 people have added California Water Service Group to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, California Water Service Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $56,790.00 in company stock.Percentage Held by InsidersOnly 0.97% of the stock of California Water Service Group is held by insiders.Percentage Held by Institutions79.01% of the stock of California Water Service Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for California Water Service Group are expected to grow by 13.51% in the coming year, from $1.85 to $2.10 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of California Water Service Group is 42.58, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.59.Price to Earnings Ratio vs. SectorThe P/E ratio of California Water Service Group is 42.58, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 94.60.Price to Book Value per Share RatioCalifornia Water Service Group has a P/B Ratio of 2.37. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About California Water Service Group (NYSE:CWT) StockCalifornia Water Service Group is a holding company, which engages in provision of water utility and other related services in California, Washington, New Mexico, and Hawaii through its wholly-owned subsidiaries. The firm is involved in the production, purchase, storage, treatment, testing, distribution and sale of water for domestic, industrial, public, and irrigation uses, as well as for fire protection. It also provides non-regulated water-related services under agreements with municipalities and other private companies. The company was founded in 1926 and is headquartered in San Jose, CA.Read More Receive CWT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for California Water Service Group and its competitors with MarketBeat's FREE daily newsletter. Email Address CWT Stock News HeadlinesJune 7, 2023 | seekingalpha.comCalifornia Water Service: This Dividend King Remains Fully ValuedJune 6, 2023 | finance.yahoo.comCalifornia Water Service Group Awards $75K to Help an Exceptional Dozen Students Make Their College Dreams a RealityJune 9, 2023 | Edge On The Street (Ad)All Electric Commitment From GM, Volkswagen, Could Put Lithium Sector In A SupercycleMore automakers are pledging to go "fully electric" by 2035. NOW is the perfect time to get in on the "EV Revolution." And the best way to potentially do that, is to skip over the overvalued electric vehicle stocks...June 2, 2023 | finance.yahoo.comAmerican Water Works (AWK) Arm Acquires Assets Worth $21.8MJune 1, 2023 | es-us.finanzas.yahoo.comCalifornia Water Service Ranks Highest in the West Among Large Water Utilities in J.D. Power Residential Customer Satisfaction StudyJune 1, 2023 | finance.yahoo.comCalifornia Water Service Group Promotes Michael B. Luu and Shilen M. PatelMay 31, 2023 | finance.yahoo.comCalifornia Water Service Ranks Highest in the West Among Large Water Utilities in J.D. Power Residential Customer Satisfaction StudyMay 26, 2023 | americanbankingnews.comSeaport Res Ptn Weighs in on California Water Service Group's FY2023 Earnings (NYSE:CWT)June 9, 2023 | Edge On The Street (Ad)Graphite versus Lithium - What Investors Should KnowOver 18 million EVs will be cruising U.S roads by 2030. And every one million EVs manufactured will require 82,000 tons of the metal graphite for their batteries. That's a total of 1,476,000 tons of graphite! Graphite is actually the largest component of EV batteries - NOT lithium. Experts warn of a massive graphite shortfall, especially since North America currently has no operating graphite mines.May 25, 2023 | americanbankingnews.comSeaport Res Ptn Equities Analysts Increase Earnings Estimates for California Water Service Group (NYSE:CWT)May 23, 2023 | msn.com22% Off Highs, is California Water Service Stock (NYSE:CWT) a Buy?May 22, 2023 | finance.yahoo.comCalifornia Water (CWT) Gains From Organic & Inorganic AssetsMay 21, 2023 | finance.yahoo.comThe five-year decline in earnings for California Water Service Group NYSE:CWT) isn't encouraging, but shareholders are still up 46% over that periodMay 21, 2023 | americanbankingnews.comStockNews.com Begins Coverage on California Water Service Group (NYSE:CWT)May 16, 2023 | americanbankingnews.comZacks Research Equities Analysts Cut Earnings Estimates for California Water Service Group (NYSE:CWT)May 8, 2023 | finance.yahoo.comCalifornia Water Service Rolling Back to Stage 1 of Water Shortage Contingency PlanMay 7, 2023 | americanbankingnews.comRobert J. Kuta Sells 1,000 Shares of California Water Service Group (NYSE:CWT) StockMay 4, 2023 | finance.yahoo.comCalifornia Water Service Group Publishes 2022 Environmental, Social, and Governance ReportMay 2, 2023 | benzinga.comCalifornia Water Service Group Completes Emissions Inventory, Commits to Setting Absolute Reduction Targets for Scope 1 and 2 Emissions by Q3 2024May 2, 2023 | finance.yahoo.comCalifornia Water Service Group Completes Emissions Inventory, Commits to Setting Absolute Reduction Targets for Scope 1 and 2 Emissions by Q3 2024May 1, 2023 | markets.businessinsider.comRobert W. Baird Keeps Their Buy Rating on California Water Service (CWT)May 1, 2023 | americanbankingnews.comCalifornia Water Service Group (NYSE:CWT) Cut to "Sell" at StockNews.comApril 30, 2023 | finance.yahoo.comCalifornia Water Service Group's (NYSE:CWT) Shareholders Will Receive A Bigger Dividend Than Last YearApril 29, 2023 | finance.yahoo.comCalifornia Water Service Group First Quarter 2023 Earnings: Misses ExpectationsApril 28, 2023 | americanbankingnews.comCalifornia Water Service Group (CWT) to Issue Quarterly Dividend of $0.26 on May 19thApril 28, 2023 | msn.comCalifornia Water Service Group (CWT) Declares $0.26 DividendApril 27, 2023 | msn.comCalifornia Water Service Group (CWT) Reports Q1 Loss, Lags Revenue EstimatesSee More Headlines CWT Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CWT Company Calendar Last Earnings3/02/2023Ex-Dividend for 5/19 Dividend5/05/2023Dividend Payable5/19/2023Today6/09/2023Next Earnings (Estimated)7/27/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Water supply Sub-IndustryWater Utilities SectorUtilities Current SymbolNYSE:CWT CUSIP13078810 CIK1035201 Webwww.calwatergroup.com Phone(408) 367-8200Fax831-427-9185Employees1,225Year Founded1926Price Target and Rating Average Stock Price Forecast$65.00 High Stock Price Forecast$67.00 Low Stock Price Forecast$63.00 Forecasted Upside/Downside+13.9%Consensus RatingHold Rating Score (0-4)1.50 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$1.34 Trailing P/E Ratio42.58 Forward P/E Ratio30.84 P/E GrowthN/ANet Income$96.01 million Net Margins9.04% Pretax Margin9.11% Return on Equity5.69% Return on Assets1.91% Debt Debt-to-Equity Ratio0.81 Current Ratio0.77 Quick Ratio0.73 Sales & Book Value Annual Sales$846.43 million Price / Sales3.77 Cash Flow$3.85 per share Price / Cash Flow14.81 Book Value$24.12 per share Price / Book2.37Miscellaneous Outstanding Shares55,990,000Free Float55,448,000Market Cap$3.19 billion OptionableOptionable Beta0.47 Key ExecutivesMartin A. KropelnickiPresident, Chief Executive Officer & DirectorMichael S. MaresVice President-OperationsThomas F. SmegalChief Financial Officer, Treasurer & VPMichael B. LuuChief Risk Officer & VP-Information TechnologyRobert J. KutaChief Water Quality Officer & Vice PresidentKey CompetitorsAmerican States WaterNYSE:AWRSJW GroupNYSE:SJWMiddlesex WaterNASDAQ:MSEXCompanhia de Saneamento Básico do Estado de São Paulo - SABESPNYSE:SBSEssential UtilitiesNYSE:WTRGView All CompetitorsInsiders & InstitutionsMacquarie Group Ltd.Sold 1,392 shares on 6/1/2023Ownership: 0.042%ProShare Advisors LLCBought 27,424 shares on 5/26/2023Ownership: 0.323%Empower Advisory Group LLCBought 334,206 shares on 5/25/2023Ownership: 0.597%Ameriprise Financial Inc.Sold 7,042 shares on 5/22/2023Ownership: 0.396%New York State Common Retirement FundSold 10,701 shares on 5/18/2023Ownership: 0.110%View All Insider TransactionsView All Institutional Transactions CWT Stock - Frequently Asked Questions Should I buy or sell California Water Service Group stock right now? 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for California Water Service Group in the last twelve months. There are currently 1 sell rating and 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" CWT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CWT, but not buy additional shares or sell existing shares. View CWT analyst ratings or view top-rated stocks. What is California Water Service Group's stock price forecast for 2023? 2 equities research analysts have issued 1 year price targets for California Water Service Group's stock. Their CWT share price forecasts range from $63.00 to $67.00. On average, they expect the company's stock price to reach $65.00 in the next twelve months. This suggests a possible upside of 13.9% from the stock's current price. View analysts price targets for CWT or view top-rated stocks among Wall Street analysts. How have CWT shares performed in 2023? California Water Service Group's stock was trading at $60.64 at the beginning of 2023. Since then, CWT shares have decreased by 5.9% and is now trading at $57.06. View the best growth stocks for 2023 here. When is California Water Service Group's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023. View our CWT earnings forecast. How were California Water Service Group's earnings last quarter? California Water Service Group (NYSE:CWT) issued its earnings results on Thursday, March, 2nd. The utilities provider reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.13. The utilities provider earned $200.94 million during the quarter, compared to analysts' expectations of $180.14 million. California Water Service Group had a trailing twelve-month return on equity of 5.69% and a net margin of 9.04%. During the same period in the previous year, the business earned $0.07 EPS. How often does California Water Service Group pay dividends? What is the dividend yield for California Water Service Group? California Water Service Group declared a quarterly dividend on Wednesday, April 26th. Investors of record on Monday, May 8th will be given a dividend of $0.26 per share on Friday, May 19th. This represents a $1.04 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Friday, May 5th. Read our dividend analysis for CWT. What ETFs hold California Water Service Group's stock? ETFs with the largest weight of California Water Service Group (NYSE:CWT) stock in their portfolio include Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU), First Trust Water ETF (FIW), Invesco S&P Global Water Index ETF (CGW), Global X Clean Water ETF (AQWA), Opus Small Cap Value Plus ETF (OSCV), ProShares Russell US Dividend Growers ETF (TMDV), iShares Environmental Infrastructure and Industrials ETF (EFRA) and Ecofin Global Water ESG Fund (EBLU). Is California Water Service Group a good dividend stock? California Water Service Group (NYSE:CWT) pays an annual dividend of $1.04 per share and currently has a dividend yield of 1.80%. The company has been increasing its dividend for 56 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 77.61%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, CWT will have a dividend payout ratio of 49.52% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for CWT. What is Martin Kropelnicki's approval rating as California Water Service Group's CEO? 14 employees have rated California Water Service Group Chief Executive Officer Martin Kropelnicki on Glassdoor.com. Martin Kropelnicki has an approval rating of 100% among the company's employees. This puts Martin Kropelnicki in the top 10% of approval ratings compared to other CEOs of publicly-traded companies. What other stocks do shareholders of California Water Service Group own? Based on aggregate information from My MarketBeat watchlists, some companies that other California Water Service Group investors own include (NCIT) (NCIT), Ford Motor (F), SJW Group (SJW), American States Water (AWR), Alibaba Group (BABA), Pfizer (PFE), Consolidated Edison (ED), Enterprise Products Partners (EPD), General Electric (GE) and McDonald's (MCD). What is California Water Service Group's stock symbol? California Water Service Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "CWT." Who are California Water Service Group's major shareholders? California Water Service Group's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (18.40%), State Street Corp (8.71%), Pictet Asset Management SA (2.70%), Dimensional Fund Advisors LP (2.17%), Geode Capital Management LLC (1.89%) and Nuance Investments LLC (1.50%). Insiders that own company stock include David B Healey, Elissa Y Ouyang, Gerald A Simon, Lester A Snow, Lynne P Mcghee, Michael B Luu, Michelle R Mortensen, Robert J Kuta, Terry Bayer and Thomas M Krummel. View institutional ownership trends. How do I buy shares of California Water Service Group? Shares of CWT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is California Water Service Group's stock price today? One share of CWT stock can currently be purchased for approximately $57.06. How much money does California Water Service Group make? California Water Service Group (NYSE:CWT) has a market capitalization of $3.19 billion and generates $846.43 million in revenue each year. The utilities provider earns $96.01 million in net income (profit) each year or $1.34 on an earnings per share basis. How many employees does California Water Service Group have? The company employs 1,225 workers across the globe. How can I contact California Water Service Group? California Water Service Group's mailing address is 1720 NORTH FIRST STREET, SAN JOSE CA, 95112. The official website for the company is www.calwatergroup.com. The utilities provider can be reached via phone at (408) 367-8200, via email at kgarcia@calwater.com, or via fax at 831-427-9185. This page (NYSE:CWT) was last updated on 6/9/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 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